Convertible Debenture

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Convertible Debenture

An unsecured, convertible bond. That is, a convertible debenture is a bond with no collateral that may, at the bondholder's discretion, be exchanged for common stock in the company issuing the bond. See also: Compulsory convertible debenture.
References in periodicals archive ?
The financing, in the amount of CAD75m, will be structured as a senior non-guaranteed debenture, convertible at the discretion of SGF into company shares at a price of CAD9.
The option provides that the company will pay the royalty holders USD1,750,000 cash, 7,726,250 company common shares, and a three year USD1,909,500 5% debenture, convertible into common shares at USD0.